caa a22 4500 388040351 CHVBK 20180307125019.0 cr unu---uuuuu 161130e199806 xx s 000 0 eng 10.1017/S1053837200001899 doi S1053837200001899 pii (NATIONALLICENCE)cambridge-10.1017/S1053837200001899 Hueckel Glenn Smith's Uniform "Toil and Trouble”: A "Vain Subtlety?” [Elektronische Daten] [Glenn Hueckel] The subject of this essay is best introduced by two statements written many years apart. One is by J. S. Mill: [Adam Smith] speaks as if labour were intrinsically the most proper measure of value, on the ground that one day's ordinary muscular exertion of one man, may be looked upon as always, to him, the same amount of effort or sacrifice. But this proposition, whether in itself admissible or not, discards the idea of exchange value altogether, substituting a totally different idea, more analogous to value in use. If a day's labour will purchase in America twice as much of ordinary consumable articles as in England, it seems a vain subtlety to insist on saying that labour is of the same value in both countries, and that it is the value of the other things which is different. Labour, in this case, may be correctly said to be twice as valuable, both in the market and to the labourer himself, in America as in England (Mill, 1909, p. 567). Copyright © Cambridge University Press 1998 Journal of the History of Economic Thought Cambridge University Press 20/2(1998-06), 215-233 1053-8372 20:2<215 1998 20 HET https://doi.org/10.1017/S1053837200001899 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S1053837200001899 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Hueckel Glenn NATIONALLICENCE 773 0- Journal of the History of Economic Thought Cambridge University Press 20/2(1998-06), 215-233 1053-8372 20:2<215 1998 20 HET CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge